Ming-Chi Kuo penned an article disclosing that TSMC, during its investor conference, unveiled an anticipated capital expenditure budget for 2026, projected to fall between $52 billion and $56 billion. Market analysts note that TSMC typically adopts a conservative stance when providing guidance, suggesting a strong possibility that actual expenditures will surpass these estimates. The robust demand from NVIDIA stands out as a pivotal factor propelling TSMC to elevate its spending levels. NVIDIA secures its production capacity through a strategic 'land reservation' maneuver. Prior to this revelation, institutions had forecasted TSMC's capital expenditure for 2026 to hover within the $45 billion to $50 billion range, underscoring the substantial impact of this adjustment. At present, TSMC is grappling with tight capacities in its advanced process and packaging technologies, coupled with rigorous approval procedures. Customers aiming to secure ample production capacity may consider emulating NVIDIA's approach. Nevertheless, amidst global resource constraints, other customers will encounter greater hurdles in obtaining the most favorable capacity allocations.